Should I buy or rent a home in Novena?
If you have not spent a lot of time in Novena, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"The decision to buy or rent a home in Novena depends on your financial situation, long-term plans, and personal preferences. If you have a stable job, plan to stay in the area for a long time, and can afford the down payment and monthly mortgage payments, buying a home could be a good investment. Owning a property in Novena can provide you with a sense of stability, the opportunity to build equity, and the freedom to make changes to your living space. On the other hand, if you are unsure about your long-term plans, have a limited budget, or prefer not to deal with the responsibilities of homeownership, renting might be a better option for you. Renting a home in Novena allows for more flexibility, as you can easily move if your circumstances change. Additionally, renting can be more affordable in the short term, as you won't need to worry about property taxes, maintenance costs, or a large down payment. Ultimately, the choice between buying and renting a home in Novena, Singapore comes down to your personal situation and preferences. Consider your financial stability, long-term plans, and the lifestyle you desire before making a decision," wrote a member who made the move to Novena, Singapore.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
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- What are medical services in Novena like?
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- How are local medical facilities in Novena?
- As a foreigner living in Novena, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Novena?
If you live in Novena, newcomers to Novena would love to hear your answer to this question.
